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but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearly gotten its message out. i think now there has to be a next step. you know, timing is everything in politics. and this is absolutely no different. what i'm getting from talking to some democrats on the hill is i think there's actually a lot of pen
but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of...
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markets ended sharply higher yesterday on all optimism that a fiscal cliff deal could come by the end of the year. christine romans is here right now minding our business this morning. she's looking at some of the fallout in the gun industry in the wake of these connecticut school shootings. >> interesting story breaking this morning. cerberus capital management, a private equity firm, making direct investments in companies, investors do, you have teachers, pension funds invest in private equity. listen carefully. cerberus owns freedom group. which owns bushmaster, the company that made the assault rifle that police say was used to kill all of those children and six teachers. this morning, cerberus capital management is saying it will hire someone to try to sell its freedom group company, to sell bushmaster, to sell the company that made that rifle. this is what they say basically. it is apparent that the sandy hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. it is not our role to take positions or attempt to shape or inf
markets ended sharply higher yesterday on all optimism that a fiscal cliff deal could come by the end of the year. christine romans is here right now minding our business this morning. she's looking at some of the fallout in the gun industry in the wake of these connecticut school shootings. >> interesting story breaking this morning. cerberus capital management, a private equity firm, making direct investments in companies, investors do, you have teachers, pension funds invest in private...
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. >> if we can get him apart and go after the fiscal cliff and deal with the republicans and go after his own staff, bring those cabinet members in, bang heads, how are we doing about jobs, putting every plan, regulation, is this a job creator or a job killer, and be on him and managing them. >> the republicans have got to be less intransigent too. >> yes. >> they have to be less driven i would argue, by the tea party, by the more right wing members of the party. they have to try to bring themselves a little bit more to the middle, haven't they? >> and the president has got to lasso harry reid who is day one has come out prepared to change the filibuster rules and all that. boehner so far has been okay. his day one was quite conciliatory. the president, if we could get his leadership, the way he has it in the campaign. he motivates the campaign workers, motivates the team. he gives great speeches. he's all over it, he's excited. >> i thought the moment when he went down to new jersey with chris christie was a significant one for what the next four years could be like. there you have c
. >> if we can get him apart and go after the fiscal cliff and deal with the republicans and go after his own staff, bring those cabinet members in, bang heads, how are we doing about jobs, putting every plan, regulation, is this a job creator or a job killer, and be on him and managing them. >> the republicans have got to be less intransigent too. >> yes. >> they have to be less driven i would argue, by the tea party, by the more right wing members of the party. they...
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the debate for the fiscal cliff on an actual cliff and if the various participants couldn't agree by, say, january the 1st, we just push them over. would that help? >> kind of like the old "survivor" show, each time that somebody couldn't meet a deadline, one more person has to be pushed over. >> exactly right. >> very creative idea, dr. morgan. very creative. >> thank you very much. good to talk to you again. thank you very much. >> bye-bye. >>> coming next, reality check for president obama's second term. what it can and what it can't do. my political all-star panel squares off. re emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! that make kids happy. and even fewer that make moms happy too. w
the debate for the fiscal cliff on an actual cliff and if the various participants couldn't agree by, say, january the 1st, we just push them over. would that help? >> kind of like the old "survivor" show, each time that somebody couldn't meet a deadline, one more person has to be pushed over. >> exactly right. >> very creative idea, dr. morgan. very creative. >> thank you very much. good to talk to you again. thank you very much. >> bye-bye. >>>...
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. >>> speaking of the fiscal cliff, we know what the parameters of a deal in congress will look like, right? on taxes, republicans give in to raise taxes on the wealthiest 2% and democrats will agree to rein in tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the democrats. i get the politics of this but democrats need to own up. they can't have their cake and eat it, too. in the end, we are all going to pay more or we are going to get less. if we're serious about the fiscal house in order. if demonstrates are serious about republicans to break with ideology and their party base, to vote for higher tax rates, democrats have to be willing to do the
. >>> speaking of the fiscal cliff, we know what the parameters of a deal in congress will look like, right? on taxes, republicans give in to raise taxes on the wealthiest 2% and democrats will agree to rein in tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new...
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let's see if we can work out a deal on avoiding the so-called fiscal cliff just ahead. the debate on high stakes -- the political stand-off will continue right here. also, important new research that could impact people that take aspirin. new concern right now about a common coating used on aspirin. stand by, this is information you need to know. with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't
let's see if we can work out a deal on avoiding the so-called fiscal cliff just ahead. the debate on high stakes -- the political stand-off will continue right here. also, important new research that could impact people that take aspirin. new concern right now about a common coating used on aspirin. stand by, this is information you need to know. with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our...
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i think we also need to deal with the looming fiscal cliff. i think you have a lot of companies who are hesitant to hire and make major moves until we see major question marks resolved and you have to look at taxes, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why not? they're creating a country of aful overlords and 300 million serfs, peasants. are you optimistic? will the middle class start rolling, bouncing back again? >> i'd like to say yes, i'm hopeful. but i think it really is going to -- i think this is going to take time and i think it is going to come down a lot to policies and regulations and what our
i think we also need to deal with the looming fiscal cliff. i think you have a lot of companies who are hesitant to hire and make major moves until we see major question marks resolved and you have to look at taxes, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them....